The Department of Consumer Affairs has simplified rules for revising retail prices on unsold stock due to GST changes, waiving newspaper ads for a sticker system.
A Chartered Accountants’ association requests an extension for tax audit and 12A renewal due dates, citing portal issues, festive season, and other delays.
Delhi HC sets aside the rejection of an exporter’s GST refund, ruling the department’s reasoning was flawed as the LUT was filed before exports.
Calcutta High Court quashed a GST penalty under Section 129, ruling the tax authority relied solely on an unverified supplier statement without proving intent to evade tax.
The case of assessee was that the assessments for these years were time-barred. It was urged that in view of the limitation prescribed under Section 19 of the Act, the authority concerned initially declared the assessments for all the years to be time-barred.
The ITAT ruled that a tax addition under Section 56(2)(x) cannot be made solely on stamp duty value. The AO must first obtain a DVO valuation.
The ITAT Raipur condoned a 1,742-day delay for an assessee, restoring their appeal. The ruling emphasizes a justice-oriented approach and bars CIT(A) from dismissing cases solely for delay.
ITAT Kolkata ruled a tax notice invalid for not specifying scrutiny type, quashing the entire assessment. The ruling reinforces that tax authorities must follow CBDT instructions.
The ITAT Rajkot condoned a 518-day delay for Arham Enterprise, setting aside an ex parte CIT(A) order. The tribunal’s decision prioritizes a case’s merits over technicalities.
The ITAT Kolkata deleted a ₹11.35 crore addition, holding that a retracted survey statement and “dumb documents” are insufficient to prove undisclosed income under Section 69A.
